Goods and Services Tax (GST) is an indirect tax (or consumption tax) imposed in India on the supply of goods and services. It is a comprehensive multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except few; multi-staged as it is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer.
Introduction of GST, GST Registration Process (Theory), GST Registration Online portal and related FAQs with regards to various parties, Discussion about various parties in GST, Difference between Regular Dealer and Composition Dealer and there working mechanism, Linkage with various vouchers, ITC Theoretical sessions and Practical Problems, ITC practical session and linkage with Tally vouchers, Filing GSTR 1 , GSTR 3B, GSTR 9 through online portal & Tally, Coverage of GSTR 2A,4,4A on Tally and online portal, Concept of Supply, Place of Supply under GST Law, Time of Supply under GST law, Valuation of Supply under GST Law and summarization of Online Portal. Introduction to E-WAY Bill & Concepts, E-WAY Bill through Online Portal and Tally, TDS & TCS concepts under GST Regime , GSTR 9 Theory for various dealers & different type of returns, GST on various industries and their filing mechanism and TEST YOUR KNOWLEDGE by ASSESSMENT.
GST Configuration, Creating Masters, Purchase/Sale Transactions, Debit/Credit Notes, Purchase & Sales Returns, Input Credit Mechanism, Advance Receipts & Payments, GST Returns (GSTR 1,2,3B etc), Computation, Recording Advanced Entries of GST, Migration of Tally data.
Advanced features of GST:
Purchase from URD’s, Export & Import, Advance Receipt & Payment, Reverse Charge Mechanism under GST, Reversal of GST on account of cancellation of Advance Receipt, Mixed Supply & Composite Supply, MRP Transaction, Supply of Service, Branch Transfer, Input Tax Credit (ITC), GST tax payment.